ARA H-Trust's maiden DPS beats forecast

Singapore

LOWER property expenses and borrowing costs outweighed softer gross revenue at ARA US Hospitality Trust (ARA H-Trust).

The hospitality trust's maiden reporting showed that between May 9 and June 30, its distribution per stapled security (DPS) was 1.36 US cents, higher than the forecast 1.31 US cents.

Distributable income at US$7.7 million was higher than forecast by 3.2 per cent.

Gross revenue at US$28.8 million was 1.3 per cent lower than forecast, but net property income was 0.4 per cent higher than projected at US$…